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A debenture is defined as a certificate of agreement of loans which is given under the company's stamp and carries an undertaking that the debenture holder will get a fixed return (fixed on the basis of interest rates) and the principal amou

Bonds are debt security. When you purchase a bond, you are lending money to issuer and in return it provides you with a bond in which it promises to pay a specified rate of interest throughout the period of bond & repay the principal amount when it matures. Thus a bond